1005 Cachelin DrCarter LakeIA51510
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Carter Lake at 1005 Cachelin Dr, Carter Lake, IA, 51510 uses $74,554 cash to close to unlock $1,634/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $1,101/mo payment keeps the spread at $136/mo. Purchase price stands at $224,900, and rental yield measures 8.52% with $1,597/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 115.07% and total cumulative return in cash records $85,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51510, Carter Lake, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,108 (72.6%) |
| Renter Occupied HU | 335 (21.9%) |
| Vacant Housing Units | 84 ( 5.5%) |
| Median Home Value | $201,724 |
| Average Home Value | $226,685 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,170
Multi-Family
314
Businesses
61
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Listed by: Kim Stephens • Realty ONE Group Sterling
Mls Name: GPRMLS
Mls ID: #22535199